Sharptown, MD is a small town located in the Eastern Shore region of Maryland. It has a population of approximately 2,400 people with a median household income of $40,100. The town has plenty of amenities such as restaurants, stores, and parks. Despite its small size, Sharptown offers a variety of job opportunities for residents including positions at local companies like Sharptown Electric Company and Wicomico Paper Products. Rent for a two-bedroom apartment in Sharptown is slightly lower than the national average at $940 per month. Additionally, the grocery cost index for the town is at 102 compared to 100 nationally which reflects that the cost of living in Sharptown is slightly more expensive than some other towns in Maryland.
Sharptown has an unemployment rate of 6.6%. The US average is 6.0%.
Sharptown has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Sharptown
- The Sales Tax Rate for Sharptown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sharptown is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sharptown
- The average income of a Sharptown resident is $21,739 a year. The US average is $28,555 a year.
- The Median household income of a Sharptown resident is $73,750 a year. The US average is $69,021 a year.